Chartered Reiterates Guidance for Fourth Quarter.

MILPITAS, Calif. -- Today, in its scheduled mid-quarter update, Chartered Semiconductor Manufacturing (Nasdaq:CHRT)(SGX-ST:CHARTERED) reaffirmed its fourth-quarter 2006 guidance, which was originally provided on October 20, 2006.

"The quarter is essentially progressing in line with what we had anticipated earlier. Utilization across our individual fabs is tracking our earlier expectation, and we expect the overall utilization to be approximately 70 percent for the fourth quarter, in line with our previous guidance. We are also reiterating the revenue and net income guidance we originally provided in October," said George Thomas, senior vice president & CFO of Chartered.

Chartered plans to release fourth quarter 2006 results on Friday, January 26, 2007, Singapore time, before the Singapore market opens. Chartered's original guidance for fourth quarter 2006 was published in the Company's third quarter 2006 earnings release dated October 20, 2006, which can be found on Chartered's Web site at www.charteredsemi.com, under Investor Relations, Earnings Releases section.

About Chartered

Chartered Semiconductor Manufacturing (Nasdaq:CHRT)(SGX-ST:CHARTERED), one of the world's top dedicated semiconductor foundries, offers leading-edge technologies down to 65 nanometer (nm), enabling today's system-on-chip designs. The company further serves the needs of customers through its collaborative, joint development approach on a technology roadmap that extends to 45nm. Chartered's strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement methodologies, and a commitment to flexible sourcing. In Singapore, the company operates a 300mm fabrication facility and four 200mm facilities. Information about Chartered can be found at www.charteredsemi.com.

Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including without limitation, statement relating to our expectation of our fourth quarter 2006 performance progressing in line with the guidance originally provided on October 20, 2006 reflect our current views with respect to future events and financial performance and are subject to certain risks and uncertainties, which could cause actual results to differ materially from historical results or those anticipated. Among the factors that could cause actual results to differ materially are changes in the demands from our major customers, excess inventory, life cycle, market outlook and trends or specific products; competition from other foundries; unforeseen delays, interruptions, performance level and technology mix in our fabrication facilities; our progress on leading-edge products; changes in capacity plans, allocation and process technology mix, unavailability of materials, equipment, manpower and expertise; access to or delays in technological advances or our development of process technologies; the successful implementation of our partnership, technology and supply alliances (including our joint development agreements with IBM, Infineon and Samsung); the growth rate of fabless companies, the outsourcing strategy of integrated device manufacturers ("IDM") and our expectation that IDMs will utilize foundry capacity more extensively; demand and supply outlook in the semiconductor market and the economic conditions in the United States as well as globally. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained. In addition to the foregoing factors, a description of certain other risks and uncertainties which cause actual results to differ materially can be found in "Item 3. Key Information Co D. Risk Factors" in our 2005 annual report on Form 20-F filed with the US SEC. You are cautioned not to place undue reliance on these forward-looking statements, which reflect management's current analysis of future events. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.